Warren Buffett on the Pain of a Highly Regulated Industry

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Warren Buffett said in the past that if you want to have a great society, just think about how you would design it. And he was pointing out that when you go to world free markets, that it's the best thing because then everything gets cheaper around the world. But what happens when you do that is it creates quite a lot of pain for some people in your country. The suffering that goes on from our middle and lower middle class is amazing. There's just no jobs out there for people who don't have technologically skills or white color skills.

As the shock waves dissipate following the 2023 Berkshire Hathaway shareholders meeting, they nevertheless continue to be felt as we come back for a third week of analysis on one of the investing world’s most significant yearly events.

This year’s meeting took place in the midst of a tumultuous period of post-pandemic supply chain disruptions, worldwide inflation, and the looming threat of the next big recession.

In the final episode of this three-parter, Phil and Danielle focus on the role of currency in the current economic crises facing the markets. Listen in as they break down the comments of Buffett and Munger and offer their own insights on the topic.

For more pearls of wisdom from the Oracle of Omaha, get your free copy of the Warren Buffett Book of Quotes: https://bit.ly/3OEPXjL

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